NEWPORT STRING PROJECT (EIN 823341534) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

DOMINIQUE ALFANDRE

Phone

4018351393

Tax Period

2024-07-01 to 2025-06-30

NEWPORT STRING PROJECT, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $482K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 24% operating margin.

Mission

THE NEWPORT STRING PROJECT IS A CHAMBER MUSIC PERFORMANCE AND YOUTH MENTORING INITIATIVE COMMITTED TO MAKING INSPIRING MUSICAL EXPERIENCES ACCESSIBLE FOR ALL IN NEWPORT, RI. STRING INSTRUMENT LESSONS ARE PROVIDED FREE OF CHARGE TO STUDENTS AT THE MARTIN LUTHER KING CENTER. A CHAMBER MUSIC CONCERT SERIES OFFERS ACCESSIBLE HIGH QUALITY CLASSICAL MUSIC CONCERTS TO THE GREATER NEWPORT COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $470,242

Program Service Revenue $11,299

Investment Income $0

Other Revenue $0

TOTAL REVENUE $481,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,812

Fundraising Expenses $20,853

Program Expenses $311,929

Other Expenses $80,195

TOTAL EXPENSES $368,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,541	$388,064	+0.2%
Expenses	$368,007	$346,808	+0.1%
Net Income	$113,534	$41,256	+1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DOMINIQUE ALFRANDRE	PRESIDENT	Officer Director	$0	$0	$0
CHERAYNE ASHTON	DIRECTOR	Director	$0	$0	$0
EMILY ANTHONY	DIRECTOR	Director	$0	$0	$0
ELIZABETH NIEMIEC MD	SECRETARY	Officer Director	$0	$0	$0
KATE LONGO	DIRECTOR	Director	$0	$0	$0
LAURA FREEDMAN PEDRICK	DIRECTOR	Director	$0	$0	$0
LAURIE LOVE	DIRECTOR	Director	$0	$0	$0
LENNY MATCZYNSKI	DIRECTOR	Director	$0	$0	$0
ARLENE NICHOLAS PH D	DIRECTOR	Director	$0	$0	$0
MARILYN WARREN	TREASURER	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$481,541	$368,007	$410,516	$113,534
2024	No data	No data	No data	No data
2023	$296,008	$282,607	$260,980	$13,401
2022	$222,523	$204,845	$240,397	$17,678
2021	$323,522	$181,723	$222,418	$141,799

NEWPORT STRING PROJECT